Cost Of Living in Rankin, TX

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15%

Overall NAT. AVG.

1%

Groceries NAT. AVG.

48%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Rankin	Texas	National
Cost of living	85	94	100
Groceries	99	98	100
Health care	98	98	100
Housing	52	83	100
Transportation	99	98	100
Utilities	107	103	100
Lifestyle & Entertainment	102	98	100
Household Items	96	98	100
Education & Childcare	98	98	100

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Homes For Sale In Rankin, TX

1000 Elizabeth St

Rankin, TX

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Cost Of Living Quick Facts

The cost of living in Rankin is 9% lower than the Texas average
The cost of living in Rankin is 15% lower than the national average
Rankin housing is 48% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$95,377	$7,948	$2,225	$2,862
Renters	$0	$0	$0	$0

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Rankin, TX	972	85	14.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Houck, AZ	972	77	23.0%
Waldo, FL	972	93	7.2%
Queenstown, MD	972	124	24.1%
Mazeppa, MN	972	98	2.5%
Flint Hill, MO	972	111	11.2%
Rankin, TX	972	85	14.6%